Alton Evening Telegraph from Alton, Illinois on September 12, 1972 · Page 11
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September 12, 1972

Alton Evening Telegraph from Alton, Illinois · Page 11

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Alton, Illinois
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Tuesday, September 12, 1972
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Page 11
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Stockg continue on downward skid NEW YORK (AP) -The stock market continued on the downward path today, with prices declining tor the sixth session in a row. Turnover remained at low levels. The noon Dow Jones average of 30 Industrials was down 3.31 to 951.89. Backsliders led 2 to 1 over gaining issues on the New York Stock Exchange. "The institutional Investor 5s on the fence," said Larry Wachtel, a vice president at Bache & Co. "He is a bit disillusioned with high- multple stocks but not ready to move aggressively into the cyclical stocks." In the past five trading sessions, volume on the Big TBoard average 11.1 million shares, compared with an average of 16.6 million for the year to date. AT&T was the Big Board's most active issue, as on Mondy. It awas ahead ft to 45%. On'the American Stock Exchange, Coit International was the volume leader, off 1 8 selected stocks Following are today's noon quotations of New York Stock Exchange issues research has indicated are widely held in the Alton area as supplied to the Alton Telegraph by Ne\y- hard Cook & Co., from its Alton branch office. The New York Exchange closes daily at 2:30 p.m. (Alton Time), so these are not the closing quotations: Airco, Inc ]9i£ AT & T 45% Clark Oil 18% General Motors 75% Grant (W.T.) Co 39^ Kresge (S.S.) Co 4014 McDonnell Douglas .... 34% Mobil Oil 67 National Steel 39% Olin Corp 16% Owens-Illinois 44% Penney (J.C.) Co 80 Sears 106 Shell Oil Co 49% Squibb Beechnut 100 Standard Oil (Ind.) .... 7414 Standard Oil (N.J.) .... W% U.S. Steel 29% %to .„ The New York Stock Exchange index at noon was down .25 to 59.87. The price-change index of the Amex was at 26.25, off .07. Livestock prices at East St. Louis NATIONAL STOCKYARDS, 111. (AP) - Estimated receipts for Wednesday: 5,000 hogs, 600 cattle and 200 sheep. Hog receipts 5,500 head; butchers 25 higher and sows 25-50 higher. US 1-3 200-250 lb butchers 29.25-29.75, mostly 29.50. US 1-3 300-350 lb sows 27.00-27.50; 350-500 Ibs 26.2526.50; 500-600 Ibs 26.50-27.00. Boars 23.75-24.00. Cattle receipts 2,000 head; slow. Slaughter steers steady 59 25 lower, slaughter heifers weak to 25 instances 50 lower. Cows fully steady, bulls steady. Slaughter steers: high choice and prime 1125-1200 Ibs yield grade 3-4 35.50-36.00, choice 900-1250 Ibs yield grade 2-4 34.25-35.50. mixed good and choice 33.25-34.25. Slaughter heifers: high choice and prime 85Q-950 Ibs yield grade 3-4 33.75-34.00, choice 800-950 Ibs yield grade 2-4 33.00-33.75. Mixed good and choice 32.25-33.00. Cows: utility and commercial 24.5027.00, few utility 27.50, cutter 24.00-26.00, canner 21.50-24.00. Vealers: choice 48.00-50.00. Sheep receipts 200 head; steady; choice and prime 90110 lb spring slaughter lambs 29.50-30.00, choice 28.00-29.00. Utility to choice slaughter ewes 5.00-7.00. Eggs and poultry at St. Louis ST. LOUIS (AP) - Eggs consumer grades: A large 3140, A medium 25-35, A small 10-24, B large 24.34; wholesale grades: large 22-25, standard 17-20, medium 12-15, unclassified 8-19. Hens: heavy (6 Ibs. and over) 9, medium (5-6 Ibs) 6, leghorns 2.' Ready-to-cook broilers and fryers 29.25-29.75, this week's delivery. Wheat Kissinger futures still in rocket up Moscow CHICAGO (AP) — A strong demand for commodity futures and a scarcity of sellers combined to lift wheat futures more than 5 cents a bushel on the Chicago Board of Trade today. Soybeans advanced 2 cents and corn and oats 1 cent. Soybean meal gained $1 a ton but soy oil prices were little changed. Iced broilers also showed little movement in dull trade. The government announces its estimates after the close of this year's grain production, based on conditions as of Aug. 1. Some recent holders of short positions attempted to liquidate but were forced to bid sharply higher to get out. There was very active buyng in deferred wheat options by brokers for export interest also. The September wheat option rose 5% cents, then fell back 2& cents. Heavy rains fell the last two days over the Midwest and this brought buyers into the corn, soybeans and oats pits on the theory that some of the crops may be harmed in post-storm conditions. Soybean meal again was in heavy demand at the cash level and this was a factor in the strength of futures. Oil trade was light and without apparent outside influence. After midsession, wheat futures were 4 to 5% cents a bushel higher, September 1.98%; com was % to 1V4 higher, September 1.37&; oats were % to 1 cent higher, September 79% cents and soybeans were 1% to 2^ cents higher, September 3.47%. Cash grain CHICAGO (AP) - Wheat No. 2 soft red 1.92n; No 2 hard red 1.91%n. Corn No 2 yellow 1.38%n. Oats No 2 extra heavy white Soybeans No 1 yellow Soybean oil 9.90n. No 2 yellow com Monday sold at 1.3714. MOSCOW (AP) - Henry A. Kissinger continued his talks with Kremlin leaders today for the second day, but U.S. and Soviet officials maintained a tight news blackout. U.S. sources let slip one item of information, that President Nixon's national security adviser was lunching today with Foreign Minister Andrei A. Gromyko and that U.S. Ambassasor Jacob D. Beam was eating with them. A U.S. Embassy spokesman said he could not disclose which Soviet officials Kissinger was meeting, where they were meeting or what they were talking about. Kissinger arrived in Moscow Sunday night to continue the talks begun during President Nixon's visit in May. He was to discuss such matters as Vietnam, the Middle East, nuclear arms negotiations, trade and European security with Communist Party chief Leonid I. Brezhnev, Premier Alexei N. Kosygin and Gromyko. One source said there was a possibility Kissinger might finish his talks today instead of Wednesday, as originally planned. H. E. Collins, O-l director, dies in Toledo TOLEDO, Ohio (AP) Hairy E. Collin, 86, a financial and industrial leader here for more than half a century, died Monday at his home. He was a founder in 1920 of the Collin Norton and Co. brokerage house and one of the architects of the 1929 merger of the Owens Bottle Co. and the Illinois Glass Co. to form what now is Owens- Illinois, Inc. He was a director of that firm and several others, including Clinton Foods Corp., which developed Snow Crop orange juice. Funeral services will be conducted hew Thursday afternoon. Altjm Evening Telegraph Tuesday, Sept. 12,1972 A41 Senger Obituaries Months away Though Inauguration Day is not til January—and voters have not yet said who'll stand upon it^lumber for the inaugural stand is unloaded at the Capitol. It comes from Wakefield, Va., birthplace of George Washington. (AP Wirephoto) Look at mass transit before land use, Gateway group says ST. LOUIS - Further evaluation of the future for mass and rapid transit in the St. Louis metropolitan area is needed before a regional land use plan can be created, the Executive Advisory Committee of East-West Gateway Coordinating Council was told here Monday. In a progress report to the committee, Gateway staff said land use and development issues require another look at the needs for mass and rapid transit. If the region wants an extensive rapid transit system, then a regional land use plan must provide for "a clustering of all kinds of economic and residential activity around nodes in the system," the report said. Heavier dependence on a bus mass transit system would allow the population to spread out more, the report said. "Without this clustering of activities (and higher densities) a rapid transit system cannot expect to be successful. A system of mass transit upgraded from the one currently in operation is the only mode of public transport which can service large areas of dispersed population, such as are emerging in many parts of the region at present," the report said. "The question at hand," the report concluded, "is how shall the finite amount of funds for transportation improvements be allocated between rapid transit, mass transit, highways, or a combination of these modes." Gateway must submit a regional land use plan to the U.S. Department of Housing and Urban Development (HUD) by the end of the year. The report Monday is the first of several preliminary plans the executive committee must consider in preparation of the final proposal. Elmer W. Belew, acting chairman of Bi-State Development Agency, criticized the restudy proposal, saying the council and the Bi-State Transit System have alrady financed an expensive evaluation of transit in the area. "It appears to me that we have already answered these questions." Belew said. Members of the executive committee will meet with Gateway staff in the coming weeks to study the proposals and work out possible alternatives. Adams' request for easement to use Golf Road is rejected By BILL LHOTKA Telegraph Staff Writer The Alton Park Commission Monday night, citing potential traffic congestion, recommended against the grant of a permanent easement to Developer Homer Adams for use of the Municipal Golf Course road north of the Beltline. The action was described by Alton Mayor Paul Lenz this morning as "an obstruction" to the future commercial development of land west of the golf course and north of the Beltline. Lenz said he was "disappointed in the recommendation of the Park Commission" against the easements to Adams and said the proposals appeared reasonable. The Park Commission said it was already a problem for golfers to get in and out of the golf course's entrance road on the Beltline and any Two drivers booked after collisions Cars driven by Jacqueline Christine Nelson, 27, of 1639 Danforth St., Alton, and Charles Edward Handler, 18, of 355 Woodlawn St., East Alton, collided on East Broadway in Alton Monday afternoon. Police said both cars wree headed west with the Nelson car in the right lane and Handler driving on the inside •lane. When Handler swung right to change lanes he collided with the rear of the Nelson car, police reports showed. Police charged Handier with Improper changing of lanes. In another accident Monday, cars driven by Galen Dowe Mohuodro, of 722 Berkshire St., East Alton, and Thomas William Maguire, 56, of 1501 Clawson St., collided at Main and Edwards Streets. Mohundro was driving south on Main and Maguire was beading west on Edwards Street when they collided. M«guii» ww ticktod for failure to yield rights-way at a stop intersection. additional use of the road would only compound the matter. Adams has proposed that he be given a permanent easement to a portion of Golf Road since it is the only access to property west of the golf course which he owns. A spokesman for the engineering firm of Sheppard, Morgan and Schwaab Inc. told the Park Commission Monday that a road would be built by Adams west off Golf Road to connect with Buckmaster Avenue. Adams owns the land around Buckmaster Avenue which has been zoned for commercial development. The land is part of the package annexed by Adams to the city of Alton. Lenz said that when the Beltline was built no access was constructed for Buckmaster Avenue. Golf Road provides an access on the east from the Beltline. The Mayor said that the easement would not interfere with the golf course but the Park Commission Monday night disagreed. Bob Busse, director of the Park and Recreation department said any development by Adams was bound to create additional traffic hazzards. "Sometimes you have to wait five to eight minutes to get onto or across the Beltline now." L&C adopts deferred tuition payment plan The Lewis & Clark Community College board Monday night adopted a plan allowing students who are unable to pay fees at the time of registration, an additional two weeks after the first day of classes to make the payment. Students who are financially unable to pay fees at the time of registration, or who have not received authorization yet from agencies such as the Veterans Administration, which will pay their fees may now apply for an extension in the payment due date not to exceed two weeks from the first day of class. Board chairman Paul Hanks said the deferred payment policy was an "excellent idea". It provides the eligible students may register and audit classes for the first two weeks. If payment is not made on the due date, though, the student will be dropped from school. In other business, the junior college board ruled that in the case of industries who pay tuition for employees, the industries which are in the district would be charged the in-district rate but if the employee lives outside the district the employee would be required to ask his high school district to provide partial tuiton support. Industries outside toe district will pay tuition based on the employees residence. The board also approved continued informal discussions between its attorney and the attorney for the Alton Museum of History and Art on the historical group's proposal to lease the Godfrey Memorial Chapel from the college as a museum. The basement of the chapel is used for classes during the week and the building is leased by the Community Christian Church for Sunday use. Board members emphasized they were not making any decision on the proposal at this time. New faculty appointments approved Monday night included Miss Elizabeth Kreokprian as insturctor in the Associate Degree Nursing program. She has served as medical - surgical supervisor at Christian Welfare Hospital and holds an M.A. from St. Louis University. Twenty part-itme instructors were hired for the business and marketing division, 15 in the public service division, five in social science, five in humanities, and four n engineering and industrial, one in health occupations and three in gdntce and math. They are paid at a rate of $250 per semester. ft ORAFTON - Mrs. Elizabeth Mae Senger, 54, of Grafton, died at Faith Hospital West In St. Louis at 10:35 p.m. Sunday. She was born May 12, 1918 in Dieterich 111. Her husband, William H. Senger, preceded her in death. Mrs. Senger was the owner of Senger's Tavern in Grafton. Surviving are two sons, William H. of Grafton and Robert L. of Jerseyville; a daughter, Mrs. Elizabeth Narup of Edwardsville; five grandchildren; a sister, Mrs. Freda Bowman of Chicago and a brother, Eric Girrulat of Pana, 111. She was a member of the Moose Lodge in Wood River. A funeral mass will be at 10 a.m. Thursday at St. Patrick's Catholic Church in Grafton with the Rev. Patrick Morrow as celebrant. Burial will be in Scenic Hill Cemetery. Visitation will be after 7 p.m. today at Jacoby Brothers Funeral Home in Jerseyville where the Rosary will be recited at 8 p.m. Wednesday. lie is survived by his widow, (Nellie; a daughter, Dawn Caffery, at home; a son, Michael, at home and a brother, Robert of Wood River. Caffery Tayl Funeral services were held recently in Jonesboro, Tenn. for Dr. Eldon L. Caffery, 48, son of Mr. and Mrs. Lee Caffery of Wood River, who died at the Baptist Memorial Hospital in Memphis, Tenn. Dr. Caffery, a urologist, had lived in Jonesboro for the past 14 years. He was born in Greene County and attended the Wood River schools, graduating from Wood River High School. He was a graduate of the University of Tennessee Medical School and had taught in a medical school in Atlanta, Ga. before moving to Jonesboro. In addition to his parents, or Friends may call after 4 p.m. Wednesday at Staten Funeral Home for Melvin Taylor, who died Monday morning. Funeral services will be at 10 a.m. Thursday at the funeral home with the Rev. Paul S. Krebs officiating. Burial will be in Valhalla Memorial Park. Rutherford Mrs. Delia B. Rutherford, 61, of 791 Rice St., Wood River, died at 12:19 a.m. today at St. Joseph's Hospital where she had been a patient seven weeks. She was born in Carrollton on Oct. 24,1010, the daughter of Mrs. Mary Helen Staple* of Alton and James Heynoldi, Reynolds. She was married to Harold B. Rutherford on June 12,1934 at Waterloo, HI. He died ofi Feb. 28,1969. Surviving are her mother; a daughter, Mrs. Adolph (Phyllis) Albrecht; three granddaughters and a brother, Herschel H. Reynold* of Edwardsville. She was a member of the Third Baptist Church of Granite City. Friends may call after 4. p.m. Wednesday at Marks Mortuary in Wood River, where funeral services will be conducted by the Rev. Raleigh Gordon, pastor of First Baptist Church in East Alton, at 1:30 p.m. Thursday. Burial will be in Sunset Hill Cemetery, Edwardsville. Mateyka State BHE okays master's degree program at SIUE By DOUG THOMPSON Telegraph Staff Writer CHICAGO - The Illinois Board of Higher Education(BHE), which two years ago said Southern Illinois University at Edwardsville should not institute any new graduate programs in the near future, approved a master's degree program for that university today. A Master of Science in Instructional Technology was approved after BHE staff made five changes in the SIUE proposal. The changes were: — SIUE must make efforts to recruit minority students into the program; — SIUE should study in- terinstitutional co-operation "making use of the community colleges, high schools and grade schools in the greater metropolitan area;" — The university must create an ongoing program of faculty and course evaluation; — SIUE must moniter graduate placements to judge Home S&L breaks ground for new home Ground breaking cei'emonies for the new office building of Home Savings and Loan Association were held Monday at the new location, 2410 State St. The building of contemporary design will feature cut limestone fascia panels surrounding a low roof area and driveup canopy. Plans call for separate entrances from State Street for customer parking in the rear and new drive-in services. In front of the building will be a landscaped section. Construction is to begin immediately and is scheduled for completion in the summer of 1973. Home Savings and Loan was organized in 1902. Firemen douse blaze set by arsonist A Monday night arson attempt in Alton was thwarted when the home owner and firemen kept fire confined to one room of the home of David Hamilton at 1125 Union St. After throwing rocks through three windows of the home the arsonist then tossed a flaming rag through the broken window at the southwest corner of the Hamilton home. Fire damaged curtains at the window and scorched part of the window casing area before it was extinguished. Police were investigating the incident today. In another incident a fire in No. 6 warehouse of Owens- Illinois at 1625 E. Broadway in Alton Monday afternoon had been doused by a sprinkler system before city fire trucks arrived. The fire broke out between stacks of bottles in the warehouse from undetermined origin and the heat of the flames activated a sprinkler system. Alton firemen received the call at 2:59 p.m. and when they- arrived the sprinkler system had the fire under control. Firemen used one line of hose to further douse the fire and then stood by until the threat was over. the "employability" of graduates and, if the program does not meet enrollment projections or the market is "saturated" the program must be reduced or phased out;" — And "this program is strictly a professional program at the masters level and will stand on its own, independent of any doctoral programs." SIUE, at present, offers a doctorate only in its School of Dental Medicine. In its Master Plan Phase III, created two years ago, the BHE told SIUE to stop development of graduate programs for the next two-to- three years and concentrate on its doctorate. The program approved today is one of the first since that decision. New safety features on cars to cost around $70 By BILL NEIKIRK WASHINGTON (AP) — A Transportation Department official today estimated the cost of installing new safety equipment on 1973 automobiles at $50 to ?70 per car, but said the department has received only sketchy cost information from the auto industry. James M. Beggs, the department's undersecretary, told a public hearing launched by the Price Commission that the auto makers could have met the safety requirements more cheaply by designing safety features in the cars rather than adding them on. In most cases, he said, the auto makers added the required safety features without using a more comprehensive systems approach. He said in most cases there was time to design the new features. The commission began its hearings to determine pricing practices in the industry, as Two women accused of shoplifting Two Alton women were arrested on shoplifting charges (theft under $150) Monday afternoon at th<j> Kroger Store in Alton Plaza Shopping Center, 1800 E. Broadway. Arrested were Mrs. Virginia Mae Duncan, 40, of 1118 Adams Court, and Monica Rose Plummer, 28, of 208 Cherry St., according to police. The charges were signed by store manager Orville Suessne. Police said the women were charged after Mrs. Duncan attempted to conceal a package of lunch meat in heir purse and Mrs. Plummer wa,s charged with putting a package of lunch meat, four packs of cigarettes and two pair of panty hose into heir purse without paying for the items. 46 newsboys spend day at Quinsippi Forty six Alton Evening Telegraph carriers, winnefs of the recent summer ci|r- culation contest, spent Sundifiy at Quinsippi Island in the Mississippi at Quincy, 111. The carriers, guests of the Telegraph, were accompanied by. four Telegraph supervisors and traveled by charter-pd bus. The 46 carriers were ti|>p producers in the two week contest based on points lor sales of new subscriptions. ' Four new subscripticjas were necessary for the trip. well as to gather additional facts on price increase proposals by auto makers. The commission has rejected a $59 per car increase by Ford Motor Co. and a $54 per model increase by General Motors to cover the costs of new safety and pollution control requirements. In each case, the commission said both companies might violate restraints on profit margins. After the hearings, the two firms plan to resubmit their requests. Chrysler Corp. and American Motors Co. are seeking larger increases than the two largest car manufacturers, but their requests have been suspended pending the public hearings. Chrysler is seeking a $91.32 increase, American $81.30 as well as a $68.38 for other costs. The hearings were called after consumer advocate Ralph Nader filed suit in federal court against the Price Commission to try to force the agency to act. It did, and the suit was dropped. The hearings are expected to last three days, with Nader scheduled as the final witness. EDWARDSVILLE — A requiem mass was celebrated at 9 a.m. today at St. Mary's Catholic Church for Melvin J. Mateyka, 52, of 506 Hillsboro, who died at 4:3*0 p.m. Saturday at St. Joseph's Hospital in Highland. Mr. Mateyka, a former professor of history at the University of Illinois and the University of New Mexico, had been a library consultant for the past 10 years. He received his Ph. D. from the University of Illinois. The son of Mrs. Minnie Mateyka of Edwardsville and the late John J. Mateyka, he was born Aug. 20, 1920 in Edwardsville Township. Also surviving are two sisters, Mrs. Harold Tenting and Mrs. Leonard Vieth, both of Edwardsville. The Rev. Roger Simpson, pastor of St. Mary's Church, was celebrant of the mass and burial was in Calvary Cemetery. The Lesley Marks Funeral Home was in charge of the arrangements. Bridget Watson dies at age 96 The age of Mrs. Bridget C. Watson was incorrectly reported in Monday's obituary She was born March 3, 1876, and died Sunday at the age of 96. BETHALTO ARTHUR W. ALJETS Arrangements Ponding Alton, Wood River, Bethalto JOSEPH D. WRIGHT Services 1 pm Wednesday, First Baptist Church, Grafton Kev. Robert Kimber officiating Burial Roselawn Memory Gardens In state at the chapel after 7 pm today. Masonic Services 7:30 pm Tuesday Your Credit Union Serves You FOUR WAYS! 1. Savings 2. Low Cost Loans 3. Insurance Benefits 4. Counseling May we help you!

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